Then we will return it to you or send it directly through to your financial institution, and also send you a confirmation file of our ACH/Wire money transfer online.

Setup ACH Transfer, Wire or EFT file

Approve Wire or ACH Transfer payments

Release Wire Transfer payments

Authentication levels for company/business unit-level access as well as double-authentication amount controls, as well as a detailed audit trail available.

You can have the automation option to send confirmation emails to your direct deposit payees. Please contact Checkissuing today to find out more on this feature and inquire about ACH direct deposit time for your program and also our direct deposit requirements. Let us show you how to set up direct deposit for employees, vendors, and suppliers. Just send us your direct deposit information and we will do the rest.

Checkissuing ACH/WIRE Payments:

Vendor trade payments

Employee expense reimbursements

Grant payments

State and Federal tax payments

Internationally (IAT – International ACH Transaction)

Direct Deposit Automation

We use the standard USA – ACH NACHA format

Multiple payment accounts per vendors allowed

Multi-company / multi-account capabilities

Remittance by email or admin notification of ACH/Wire payments on your online dashboard

Security enhancements available including account or amount approval limits

According to the Institute of Management & Administration (IOMA), paper payments cost about $2.50 each, much more than our ACH transfer fee. Electronic payments (e-payments) such as Automated Clearing House (ACH) payments and electronic funds transfer (EFT) can cut your payables costs by up to $2 per check, significantly lowering your payment administrative costs by 75%.

Plus, wire payments reduce your exposure to check fraud and improve cash management. That’s because you can specify exactly when money leaves your account and decide which is faster eft or wire transfer and thus which type of ACH payment is best for your company needs.

Top Four Benefits of ACH/Wire and Direct Deposit Payments for Your Business

Lower Costs – ACH payments are amongst the lowest cost ways to send money and is significantly less than both paper checks and credit debit card payments. This is due to fewer company costs for time and labor processing plus the fee structure which is typically calculated as a percentage of the direct deposit transaction. Your savings can add up dramatically over all your wire payment needs.

Greater Security – Industry reports such as the 2016 AFP Payments Fraud and Control Survey, report that paper checks are the type of payments most susceptible to fraud and theft. By sending money via ACH/Wire transfer or direct deposit you eliminate substantial risks.

Fewer Errors – Human errors cost businesses both time and money needlessly. Studies report that standard human errors, on average, make 20% of data loss mistakes. By using ACH checks you greatly reduce the chance for natural human mistakes to occur.

Happier Customers & Vendors – Surveys reveal that everyone; customers, vendors and employees, all prefer wire transfers over traditional paper checks. Customers trust the fast and secure ACH payments and thus, trust your firm for repeated purchases. Your vendors appreciate the ease of accepting EFT payments which save them the time and hassle of having to process paper checks. And employees like the time-saving features reliability of direct deposit payments.

ACH Transfer vs Wire

Our payment processing professionals can help you decide which type of electronic payment system is best for your business needs.

Wire transfers move funds from one bank to another, typically within one business day. While ACH transfers can take up to three business days to be completed.

With our superior technology, we are able to make your ACH payments faster, dependent upon your bank, same-day transfers are often possible.

When speed and certainly are paramount we typically suggest wire transfers. Many of our clients like the process and efficiency of ACH payments for a large quantity of smaller payments to many people.

Most direct deposit payments that we automate are ACH payments including; employee paychecks, utility payments and automatic contributions to savings and retirement accounts. Also, you can use our ACH money transfer online services.